KARACHI: Chairman Pakistan Apparel Forum Muhammad Javed Bilwani has asked Government to instruct FBR about releasing funds of exporters. He said almost 50 billion of exporters are stuck up in the government Sales Tax Refund Claims, Customs Rebate Claims and DLTL Claims causing great suffering to already beleaguered and hampered exporters. Such activities will ruin the export business of value added textile exporters.
Bilwani said that it has been the practice of FBR to put 25 percent amount of Sales Tax Refund Claims of the exporters deferred and they are so used to such wrong practice that even the amount of Sales Tax paid on Utility Bills are being deferred which is not at all understood and really surprising. He said that in the last two decades, there was never such hardship caused to the Value Added Textile Exporters, adding that he was surprised at the strange attitude and cold shouldering of FBR because the higher ups do not even want to meet the major and important stakeholders to listen to their genuine problems, who are the highest taxpayers.
FBR shows that great targets are achieved while such huge amounts of genuine exporters liquidity is purposely held up by the FBR, he added. He said that business community felt that government was business friendly but in view of the difficulties faced by the exporters, it looks like they were out to crush the exports of the nation.
